KKR & Co. Inc. $KKR Shares Acquired by Cwm LLC

Cwm LLC lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 7.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,698 shares of the asset manager’s stock after buying an additional 711 shares during the period. Cwm LLC’s holdings in KKR & Co. Inc. were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. lifted its holdings in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after buying an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter worth approximately $38,000. GW&K Investment Management LLC grew its stake in KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after buying an additional 111 shares during the last quarter. Finally, SouthState Corp acquired a new stake in KKR & Co. Inc. during the 1st quarter worth $44,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Weiss Ratings cut KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Finally, Oppenheimer cut their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.20.

KKR & Co. Inc. Trading Up 2.2%

KKR opened at $120.20 on Tuesday. The firm’s 50 day moving average is $135.80 and its 200-day moving average is $129.08. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a market capitalization of $107.09 billion, a P/E ratio of 55.91, a P/E/G ratio of 1.32 and a beta of 1.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the previous year, the business posted $1.09 EPS. Analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 34.42%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.